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Colorado Consumers Push Back Against Xcel Rate Hike Proposal
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CPR News, Approved, State

Colorado Consumers Push Back Against Xcel Rate Hike Proposal

By: Ishan Thakore | CPR News Xcel Energy’s proposed deal to raise average residential energy bills by nearly 6% is running into a wall of opposition from Colorado consumer and environmental groups.  The proposed residential rate increase would be among the largest ever in the state, according to the Colorado Office of the Utility Consumer Advocate (UCA), which advocates for customers and is opposed to the deal. In November, the state’s largest utility petitioned state regulators at the Public Utilities Commission to let it increase how much it charges for electricity. Xcel hadn’t requested a major price hike to its customer base rates since 2022. Last year, the company said it needed to recoup around $356 million it spent to build new renewab...
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Xcel Customers Face Largest Electric Rate Hike In Colorado History
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The Colorado Sun, Approved, State

Xcel Customers Face Largest Electric Rate Hike In Colorado History

By Mark Jaffe | The Colorado Sun The $225 million increase would raise the average residential bill by $6.13, but the proposed rate needs PUC approval and consumer advocates oppose it. Xcel Energy, its corporate customers and unions are at odds with consumer advocates over a proposed settlement that would grant the utility the largest electric rate increase ever — $225 million. The proposed agreement between Xcel Energy and parties including the Colorado Public Utilities Commission staff, the International Brotherhood of Electric Workers, Walmart and Climax Molybdenum would raise the average household bill by $6.13 to $110.81 a month — a nearly 6% increase. Colorado Energy Consumers, which represents large industrial and commercial customers, also signed on to...
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Xcel Reports $903 Million Colorado Profit While Seeking Higher Electric And Gas Rates
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The Colorado Sun, Approved, State

Xcel Reports $903 Million Colorado Profit While Seeking Higher Electric And Gas Rates

By Mark Jaffe | The Colorado Sun On Feb. 18, the PUC also approved 4,100 MW of new generation — a mix of wind, solar, natural gas and storage — to be fast-tracked in an effort to get federal tax credits before they expire. The proposed gas rate increase would raise gas customers’ bills by an average $7.59 to $74.41 a month to pay for safety improvements, meet rising operating and maintenance costs and provide investor returns. The electricity rate increase Xcel Energy is seeking would raise bills about 10% to $110 a month to recover infrastructure investments, operating costs and lost revenue sources. “Enough is enough. Coloradans are being crushed under the weight of gas and power bills that get bigger every year,” Sarah Tresedder, senior climate and energy o...
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